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Mar 31, 2024

OneMain Q1 2024 Earnings Report

Reported diluted EPS of $1.29 and C&I adjusted diluted EPS of $1.45. Raised quarterly dividend by 4% to $1.04 per share and repurchased 109 thousand shares for $5 million.

Key Takeaways

OneMain Holdings, Inc. reported a pretax income of $204 million and a net income of $155 million for the first quarter of 2024. The company's managed receivables were $22.0 billion, and consumer loan originations totaled $2.5 billion.

Diluted EPS was $1.29 in 1Q 2024.

C&I adjusted diluted EPS was $1.45 in 1Q 2024.

Managed receivables reached $22.0 billion in 1Q 2024.

Quarterly dividend was raised by 4% to $1.04 per share.

Total Revenue
$896M
Previous year: $855M
+4.8%
EPS
$1.45
Previous year: $1.46
-0.7%
Origination Volume
$2.5B
Previous year: $2.8B
-10.7%
Cash and Equivalents
$831M
Previous year: $544M
+52.8%
Total Assets
$23.9B
Previous year: $22.4B
+6.5%

OneMain

OneMain

OneMain Revenue by Segment

Forward Guidance

OneMain management will host a conference call and webcast to discuss the Company's results, outlook, and related matters at 9:00 am Eastern Time on Tuesday, April 30, 2024.